HERRERA , Marcos

Most studies evaluating the macroeconomic effects of financial support policies on business-fundedR&D use econometric methods that do not consider the existence of spatial effects, and generate biasedestimates. In this paper, we discus and address this problem using spatial dynamic panel data methods.This allow us to provide new insights on the...

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International audience

Using a unique database containing information on the amount of R&D tax credits and regional, national and European subsidies received by firms in French NUTS3 regions over the period 2001-2011, we provide new evidence on the efficiency of R&D policies taking into account spatial dependency across regions. By estimating a spatial Durbin model...

International audience

Based on a spatial extension of an R&D investment model, this paper measures the macroeconomic impact of theFrench R&D policy mix on business R&D using regional data. Our measure takes into account not only the directeffect of policies but also indirect effects generated by the existence of spatial interaction between regions. Usinga unique...

International audience

International audience

The French Policy-mix for R&D and innovation has deeply evolved in recent years and is nowadays,one of the most generous and market-friendly system in the world. This paper investigates the (evolutive)effects of this policy-mix by using a unique database containing information on the amount of R&D taxcredit, regional, national and European...

International audience